America can't afford 'America First'
There is an enormous tension for an administration that now claims greatness as isolationism and regularly alienates and insults (and worse) global peers but also cannot finance itself without the support of other countries. These two opposing ideas operate at the center of the American debt story.
That is why “America First” does not make sense financially. The United States will no doubt, for the time being, find buyers of its debt — but the cost and terms of those exchanges are shifting as the rest of the world reconsiders its arrangements with President Trump’s way of doing business.